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Reform Rules Spur Employers To Explore Self-Funding


  01:07:38 pm, by MedBen5   , 210 words,  
Categories: News, Health Plan Management

Reform Rules Spur Employers To Explore Self-Funding

The Affordable Care Act will spur more small business to self-fund their health care coverage, says a new paper by the Center for Studying Health System Change.

According to Modern Healthcare, the report concluded that employers with fewer than 100 workers may accept the risk of employee health care cost because it exempts them from certain provisions of the reform law, such as state review of premium rate increases, community rating for premiums and essential health benefits.

The Center based its findings on interviews with health plans, stop-loss insurers and third-party administrators.

At MedBen, small employers can explore alternatives to fully-insured coverage. MedBen third party administration offers groups the advantage of having a custom plan design to provide greater control over their money. MedBen delivers the expertise and technology to manage your self-funded health plan in the most cost-effective manner.

Groups not yet ready to totally make the switch to self-funding may want to consider the advantages of a partially self-funded plan. MedBen Split Solution lets employers share in the savings that come from a favorable claims experience by partially self-funding their benefits, while retaining the security of a fully-insured contract.

To learn more about these funding alternatives, contract MedBen Vice President of Sales and Marketing Brian Fargus at 888-627-8683.

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